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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
…….
This does not remedy every thing however reduces temptation to tinker.
Kudos to you for taking these essential steps.
I imagine that CNBC is a usually unfavourable affect on society. Going “chilly turkey” and withdrawing from that could be a constructive step.
Please preserve us up to date in your progress.
Finest to you.
Retired life insurance coverage firm monetary govt who sincerely believes that ”It’s a GREAT day to be alive!”
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Post
by runninginvestor »
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
[snip…]Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I modify my danger to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll preserve $300k Money in Brokerage to fund annual spend and can solely must login to rebalance
This does not remedy every thing however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
When one of many fairness principals of my previous consulting agency retired, they went radio silent for the primary yr. Stated they’d witnessed too many others by no means totally retire and ended up having the worst of each worlds. These ppl could not take pleasure in retirement bc ppl saved reaching out randomly, and did not benefit from the work once they did attain bc it was at all times a disaster.
They appeared to take pleasure in retirement greater than the others I knew that semi-retired.
A clear break for at the least a set interval might in all probability show you how to too. Totally take pleasure in a few of these positive factors together with your spouse and youngsters whereas they’re setting off to varsity and dwell within the second with them for a bit. After a blackout interval from at all times occupied with investments, you could discover that your investing urge for food has modified.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Post
by invest2bfree »
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little occupied with what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private development. Paradoxically, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an obese particular person. Setting performs an outsized function. Match folks sometimes do not have a kitchen or house filled with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and preserve themselves in wholesome environments. Due to this fact it does not take lots of additional will energy as they’re much less prone to be put in a state of affairs to resolve if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I modify my danger to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll preserve $300k Money in Brokerage to fund annual spend and can solely must login to rebalance
This does not remedy every thing however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
Out of your message Iam unsure whether or not you closed your NVDL place or not?
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little occupied with what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private development. Paradoxically, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an obese particular person. Setting performs an outsized function. Match folks sometimes do not have a kitchen or house filled with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and preserve themselves in wholesome environments. Due to this fact it does not take lots of additional will energy as they’re much less prone to be put in a state of affairs to resolve if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I modify my danger to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll preserve $300k Money in Brokerage to fund annual spend and can solely must login to rebalance
This does not remedy every thing however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
As at all times, thanks for the replace. It’s clever of you to grasp your self and realized you need to go chilly turkey. Please preserve posting your progress. We’re all rooting on your success.
Since you propose on holding a lot money, are you getting curiosity on that cash? At present you may get a max of 5% from that money if held in a cash market fund. Constancy for instance has a money administration account the place you may get virtually 5% and use that account to pay all of your payments similar to a financial institution. Constancy will robotically promote you funds as wanted to pay these payments. It’s a straightforward approach to get $15k out of your investments. Perhaps $15k isn’t an enormous deal contemplating the swings you’re used to, however nonetheless $15k will purchase a really good trip some the place.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
invest2bfree wrote: ↑Tue Sep 03, 2024 2:49 pmroguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little occupied with what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private development. Paradoxically, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an obese particular person. Setting performs an outsized function. Match folks sometimes do not have a kitchen or house filled with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and preserve themselves in wholesome environments. Due to this fact it does not take lots of additional will energy as they’re much less prone to be put in a state of affairs to resolve if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I modify my danger to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll preserve $300k Money in Brokerage to fund annual spend and can solely must login to rebalance
This does not remedy every thing however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
Out of your message Iam unsure whether or not you closed your NVDL place or not?
its about 20% nearer by itself to “closed for good” after at the moment.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
The decision premiums would possibly cushion a number of the losses, however looks as if the OP may need misplaced some severe $$$. Hopefully they had been in a position to shut out the positions earlier within the day.
“Purchase-and-hold, long-term, all-market-index methods, applied at rock-bottom value, are the surest of all routes to the buildup of wealth” – John C. Bogle
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
OP are you ready to revisit my posts from earlier about having an exit technique if the inventory does not go up and by no means reaches your name strike? Are you ready to revisit my posts about the way it was outright playing to make this transfer within the first place? About how you did not have any actual danger earlier than this together with your low withdrawal fee and simply needed an excuse to gamble? About how you need to shut your NVDA and get counseling since your withdawal fee was clearly completely secure?
Or are you going to maintain ignoring these and discover a justification to maintain playing?
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
Post
by Scorpion Stare »
bongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x every day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL can be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In reality, there is usually a worth decay when held over lengthy intervals of time, irrespective of how the underlying performs.
Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for only a few months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra value of worth decay because of every day rebalancing.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
You possibly can dump all of it and by no means take a look at the value of NVDA or NVDL ever once more. That’s in all probability what I’d do. An excessive amount of draw back danger to gamble on a bounce again up.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Firemenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Robust name what to do after at the moment. You continue to have a terrific portfolio worth and many to dwell a pleasant retirement. You’re residing with a loopy quantity of danger together with your portfolio. As you effectively know, NVDA is very risky and will effectively bounce proper again because it has performed a number of occasions this yr. But when it retains falling, and with you being so extremely levered . . . You’ve received a tricky option to make, in case you haven’t made it already.You possibly can dump all of it and by no means take a look at the value of NVDA or NVDL ever once more. That’s in all probability what I’d do. An excessive amount of draw back danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When folks come right here and ask “what do I do with this land I inherited” the primary query is “in case you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There isn’t any tax challenge as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give folks once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an choice.
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
Scorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x every day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL can be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In reality, there is usually a worth decay when held over lengthy intervals of time, irrespective of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for only a few months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra value of worth decay because of every day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
bgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x every day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL can be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In reality, there is usually a worth decay when held over lengthy intervals of time, irrespective of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for only a few months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra value of worth decay because of every day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
Not likely. These intervals can be vastly rarer and shorter as a result of drag on the underlying funding and the expense ratio. Over the medium to long run it is assured to return lower than 2X. Over the very long run it is prone to return lower than the underlying funding even when the underlying is up.
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
cvoege wrote: ↑Tue Sep 03, 2024 5:08 pmFiremenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Robust name what to do after at the moment. You continue to have a terrific portfolio worth and many to dwell a pleasant retirement. You’re residing with a loopy quantity of danger together with your portfolio. As you effectively know, NVDA is very risky and will effectively bounce proper again because it has performed a number of occasions this yr. But when it retains falling, and with you being so extremely levered . . . You’ve received a tricky option to make, in case you haven’t made it already.You possibly can dump all of it and by no means take a look at the value of NVDA or NVDL ever once more. That’s in all probability what I’d do. An excessive amount of draw back danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When folks come right here and ask “what do I do with this land I inherited” the primary query is “in case you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There isn’t any tax challenge as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give folks once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an choice.
I completely agree together with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed effectively over 1,000,000 {dollars} vaporize at the moment. And I imagine his portfolio is reduce in half now kind of from it’s all-time excessive. A lot with investing is about remorse and remorse minimization. Let’s say he liquidated all of it at the moment and a month from now it’s again at all-time-highs. Robust psychology to cope with. (And I notice anchoring to the previous worth is a significant investing sin.)
I can’t deal with all of that. So I simply keep invested in broad index funds and let what occurs, occur.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Post
by aristotelian »
Firemenot wrote: ↑Tue Sep 03, 2024 5:19 pmcvoege wrote: ↑Tue Sep 03, 2024 5:08 pmFiremenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Robust name what to do after at the moment. You continue to have a terrific portfolio worth and many to dwell a pleasant retirement. You’re residing with a loopy quantity of danger together with your portfolio. As you effectively know, NVDA is very risky and will effectively bounce proper again because it has performed a number of occasions this yr. But when it retains falling, and with you being so extremely levered . . . You’ve received a tricky option to make, in case you haven’t made it already.You possibly can dump all of it and by no means take a look at the value of NVDA or NVDL ever once more. That’s in all probability what I’d do. An excessive amount of draw back danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When folks come right here and ask “what do I do with this land I inherited” the primary query is “in case you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There isn’t any tax challenge as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give folks once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an choice.
I completely agree together with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed effectively over 1,000,000 {dollars} vaporize at the moment. And I imagine his portfolio is reduce in half now kind of from it’s all-time excessive. A lot with investing is about remorse and remorse minimization. Let’s say he liquidated all of it at the moment and a month from now it’s again at all-time-highs. Robust psychology to cope with. (And I notice anchoring to the previous worth is a significant investing sin.)
I can’t deal with all of that. So I simply keep invested in broad index funds and let what occurs, occur.
Staying within the funding and seeing it go down one other 20% would even be psychologically robust. The query is whether or not he ought to expose himself to that danger.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
cvoege wrote: ↑Tue Sep 03, 2024 5:18 pmbgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x every day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL can be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In reality, there is usually a worth decay when held over lengthy intervals of time, irrespective of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for only a few months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra value of worth decay because of every day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
Not likely. These intervals can be vastly rarer and shorter as a result of drag on the underlying funding and the expense ratio. Over the medium to long run it is assured to return lower than 2X. Over the very long run it is prone to return lower than the underlying funding even when the underlying is up.
That’s why I stated “intervals.” Any efficient use of those leveraged ETFs must both be traded over quick intervals or, if it’s desired to have long run publicity to them, they must be continuously rebalanced with different securities.
To say, nonetheless, that the variation from 2x is ONLY to the draw back over intervals longer than at some point will not be right.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Sat Aug 31, 2024 2:12 pmjarjarM wrote: ↑Fri Aug 30, 2024 4:53 pmbongo wrote: ↑Fri Aug 30, 2024 1:29 pmjarjarM wrote: ↑Fri Aug 30, 2024 12:35 pmroguewarrior0 wrote: ↑Fri Aug 30, 2024 11:00 am
Fast Replace. Have not had an opportunity to learn numerous responses. I’ll achieve this tonight.I bought 1,008 NVDL Sept 6 Requires $1.10 premium this morning. So exit plan is in movement.
RW
Nice to listen to that your exit plan is in movement. Proceed weekly calls to seize some premium whereas ready for some hopeful restoration on NVDA aspect is sweet play. Good luck and preserve us posted. I believe this thread will find yourself being a terrific one to showcase of evolution of funding view (excessive danger -> average danger)
OP one way or the other has good timing with the coated calls if he had been simply enjoying the premium. Ask is now $.50, so a revenue of greater than 50% since this morning https://finance.yahoo.com/quote/NVDL240906C00066500/
However holding a 2x fund quite a lot of days continues to be method too dangerous and will make a $.50 or $5 revenue meaningless
That is $50k revenue there so I will not say it is nothing. Definitely the underlying is transferring greater than that however that also is a pleasant chunk of $$$.
Simply checked the hyperlink. LOL….I accounted for nearly all the quantity of the Calls bought. That is nuts.
Wow That is certainly nuts. Uncommon to see a retail investor accounting for all the amount.
Good luck on promoting these calls. I bought some credit score unfold calls within the 130/131 to make a number of additional $$$ since I believe NVDA will commerce sideways between $100 – $125 within the subsequent few months till blackwell ramp is extra clear.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
Post
by random_walker_77 »
bgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pm
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra value of worth decay because of every day rebalancing.To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
I by no means understood why NVDL and why promote coated calls. For those who had been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, at the moment’s requires one yr out (Sep 2025) are $20 at $120. So it’d must go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However essentially the most you may lose is all the cash that you simply put int. For those who assume it is going to $200 in a yr, taking a fraction of your funds and placing them into choices limits the losses, however provides you leverage on the positive factors. Promoting coated calls provides you a distinct return profile, however in case you had been really bullish (and why else would you be leveraged 2x?), it does not make as a lot sense to me. Both go massive, or go for plain NVDA.
That stated, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
cvoege wrote: ↑Tue Sep 03, 2024 5:08 pm
The one logical choice is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give folks once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an choice.
I believe folks get a bit enamored by the entire making your fortune by taking pictures for the moon factor.
They would not strive it themselves, they usually would not advise another person to strive it, but it surely’s type of cool that somebody did handle it they usually form of surprise if perhaps there may need been some talent concerned relatively than only a fortunate moon shot and nerves of metal.
“The one factor that makes life attainable is everlasting, insupportable uncertainty; not realizing what comes subsequent.” ~Ursula LeGuin